Silver Lake and its co-investors are set to invest another Rs 4,546.8 crore in Jio Platforms. This is the second investment by the private equity giant in Reliance Industries' digital unit in over a month.
With Silver Lake deal, Jio Platforms has raised Rs 92,202.15 crore in exchange for around 20 percent stake. The aggregate investment by Silver Lake is now Rs 10,202.55 crore for a 2.08 percent stake in Jio Platforms, which runs movie, news and music apps as well as the telecom enterprise Jio Infocomm.
Jio Platforms is the telecom unit of billionaire Mukesh Ambani's Reliance Industries (RIL).
Here's a summary of the seven investments Jio Platforms has received recently:
The transaction, announced on April 22, is the largest of the six investments. It was also Facebook's biggest bet since it acquired messaging platform WhatsApp in 2014.
The deal also made Facebook the largest minority shareholder in Jio Platforms.Jio-Silver Lake deal
Facebook 's investment had valued Jio Platforms at a pre-money enterprise value of Rs 4.62 lakh crore ($65.95 billion).Jio-Silver Lake deal 2.0Silver Lake will invest an additional Rs 4,546.8 crore in Jio Platforms for 0.93 percent stake. The aggregate investment by Silver Lake is now Rs 10,202.55 crore for a 2.08 percent stake in Jio Platforms.Disclaimer: Reliance Industries (RIL) is the sole beneficiary of Independent Media Trust which controls Network18 Media & Investments Ltd